MIRA INFORM REPORT

Report Date :

03.01.2012

IDENTIFICATION DETAILS

Name :	ROOP TECHNOLOGY PRIVATE LIMITED
Formerly Known As :	ROOP ELECTRONICS
Registered Office :	15/120, Anand Nagar, Vakola Police Station Lane, Santacruz (East), Mumbai-400055, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	06.10.1998
Com. Reg. No.:	11-116770
Capital Investment / Paid-up Capital :	Rs.20.900 Millions
CIN No.: [Company Identification No.]	U30007MH1998PTC116770
TAN No.: [Tax Deduction & Collection Account No.]	MUMR11553D
Legal Form :	Private Limited Liability Company
Line of Business :	Importer and Dealer of Computer Peripherals, Security Products and HP Consumable.
No. of Employees :	75 [Approximately]

RATING & COMMENTS

MIRA’s Rating :

B (29)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 150000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track. Financial position of the company is improving. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

INFORMATION PARTED BY

Name :	Mr. Umang Daulatrai Mehta
Designation :	Director
Contact No.:	91-9820098916
Date :	31.12.2011

LOCATIONS

Registered Office :	15/120, Anand Nagar, Vakola Police Station Lane, Santacruz (East), Mumbai-400055, Maharashtra, India
Tel. No.:	91-22-26680022/26631921/26631921/56981760/26681924
Mobile No.:	91-9820098916 (Mr. Umang Daulatrai Mehta)
Fax No.:	91-22-26683919
E-Mail :	roop@vsnl.com
Website :	www.rooponline.com
Area :	2500 sq ft
Location:	Owned
Warehouse :	Bahveshwar Warehousing, Ranal Village, Bhiwandi, Maharashtra, India
Location :	Rented
Branch Office :	Located At: Hyderabad Ahmedabad Kolkata Aurangabad Lucknow Indore Chennai New Delhi Karnataka Gujarat

DIRECTORS

AS ON 28.09.2011

Name :

Mr. Umang Daulatrai Mehta

Designation :

Director

Address :

601, Vasant Gandhi Gram Road, J V P D Scheme, Vile Parle, Mumbai – 400049, Maharashtra, India

Date of Birth/Age :

03.03.1963

Qualification :

Electrical Engineer

Date of Appointment :

06.10.1998

Din No.:

02035612

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U30007MH1998PTC116770	ROOP TECHNOLOGY PRIVATE LIMITED	Director	06-10-98	06-10-98	Active	NO
2	U30000MH1997NPL106291	TRADE ASSOCIATION OF INFORMATION TECHNOLOGY	Director	22-09-06	22-09-06	Active	NO

Name :

Mr. Nilesh Daulatrai Mehta

Designation :

Director

Address :

601, Vasant Gandhi Gram Road, J V P D Scheme, Vile Parle, Mumbai – 400049, Maharashtra, India

Date of Birth/Age :

13.11.1958

Qualification :

Graduate

Date of Appointment :

01.02.2000

Din No.:

01312105

Name :

Mr. Samir Daulatraiu Mehta

Designation :

Director

Address :

601, Vasant Gandhi Gram Road, J V P D Scheme, Vile Parle, Mumbai – 400049, Maharashtra, India

Date of Birth/Age :

06.05.1965

Qualification :

Graduate

Date of Appointment :

01.02.2000

Din No.:

02416824

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.09.2011

Names of Shareholders	No. of Shares
Daulatrail Mehta	270000
Hansaben Daulatrai Mehta	5000
Nilesh Daulatrai Mehta	600000
Mona Nilesh Mehta	5000
Samir Daulatraiu Mehta	600000
Trupti Samir Mehta	5000
Umang Daulatrai Mehta	605000
Total	2090000

AS ON 28.09.2011

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :	Importer and Dealer of Computer Peripherals, Security Products and HP Consumable.
Products :	LCD Monitors CRT Monitors LCD TV LCD Monitors CRT Monitors Optical Products
Agencies Held :	LG Genius Philips View Sonic
Imports :
Products :	Monitors and LCD
Countries :	· Taiwan · China · Hong Kong
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :

Wholesalers

No. of Employees :

75 [Approximately]

Bankers :

• Bank of Baroda, Zaveri Bazar Branch, 122, Shaikh Memon Street, Trishula Building, Zaveri Bazar, Mumbai-400002, Maharashtra, India
• HDFC Bank Limited

Facilities :

Secured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
Rupee term loans banks	66.923	53.443
Rupee term loans others	0.403	0.000
Total	67.326	53.443
Unsecured Loan
Directors loans	23.646	21.569
Total	23.646	21.569

Banking Relations :	--
Auditors :
Name :	B.S. Sarda and Associates Chartered Accountants
Address :	4, Ground Floor, Ruby Mahal, 30, D. Kawasji Patel Street, Fort, Mumbai-400 001, Maharashtra, India
Tel. No.:	91-22-22821078/22821087
Mobile No.:	91-9820077754

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
2100000	Equity Shares	Rs.10/- each	Rs.21.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2090000	Equity Shares	Rs.10/- each	Rs.20.900 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		20.900	20.900	20.900
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		17.726	9.957	8.031
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		38.626	30.857	28.931
LOAN FUNDS
1] Secured Loans		67.326	53.443	61.302
2] Unsecured Loans		23.646	21.569	18.001
TOTAL BORROWING		90.972	75.012	79.303
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		129.598	105.869	108.234
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.274	0.890	0.859
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.007	0.024	0.024
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	76.076	36.540	26.944
	Sundry Debtors	124.857	72.557	84.689
	Cash & Bank Balances	26.731	12.467	0.724
	Other Current Assets	0.000	0.000	5.875
	Loans & Advances	55.026	29.513	30.477
Total Current Assets		282.690	151.077	148.709
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	144.464	38.909	27.448
	Other Current Liabilities	1.461	0.165	7.101
	Provisions	8.448	7.048	6.809
Total Current Liabilities		154.373	46.122	41.358
Net Current Assets		128.317	104.955	107.351
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		129.598	105.869	108.234

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	NA	578.622	945.533
		Other Income		9.023	10.170
		TOTAL (A)	NA	587.645	955.703
Less	EXPENSES
		Administration and Office Expenses		15.103	14.757
		Cost of Sales	NA	554.904	930.736
		Selling and Distribution Expenses		2.633	5.058
		Directors Remunerations		1.320	1.320
		TOTAL (B)	NA	573.960	951.871
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		NA	13.685	3.832
Less	FINANCIAL EXPENSES (D)		NA	11.297	13.216
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		NA	2.388	(9.384)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		NA	0.222	0.180
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		9.186	2.166	(9.564)
Less	TAX (H)		1.400	0.240	0.000
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		7.786	1.926	(9.564)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	8.031	17.595
	BALANCE CARRIED TO THE B/S		NA	9.957	8.031
	IMPORTS		114.292	161.819	NA
	Earnings / (Loss) Per Share (Rs.)		3.72	0.92	(4.57)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	NA	0.33	(1.00)
Net Profit Margin (PBT/Sales)	(%)	NA	0.37	(1.01)
Return on Total Assets (PBT/Total Assets}	(%)	3.23	1.43	(6.39)
Return on Investment (ROI) (PBT/Networth)		0.23	0.07	(0.33)
Debt Equity Ratio (Total Liability/Networth)		6.35	3.93	4.17
Current Ratio (Current Asset/Current Liability)		1.83	3.28	3.60

LOCAL AGENCY FURTHER INFORMATION

DETAILS OF SUNDRY CREDITORS:

Particulars	31.03.2011 (Rs. in millions)	31.03.2010 (Rs. in millions)	31.03.2009 (Rs. in millions)
Sundry Creditors	144.464	38.909	27.448

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	Yes
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter’s background	--
8) No. of employees	Yes
9) Name of person contacted	Yes
10) Designation of contact person	Yes
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	No
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	--
15) Capital in the business	No
16) Details of sister concerns	No
17) Major suppliers	No
18) Major customers	No
19) Payments terms	Yes
20) Export / Import details (if applicable)	Yes
21) Market information	--
22) Litigations that the firm / promoter involved in	--
23) Banking Details	Yes
24) Banking facility details	Yes
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	No
28) Incorporation details, if applicable	--
29) Last accounts filed at ROC	--
30) Major Shareholders, if available	--

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U30007MH1998PTC116770
Name of the company	ROOP TECHNOLOGY PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	15/120, Anand Nagar, Society, Vakola Police Station Street, Santacruz (East), Mumbai – 400 055, Maharashtra, India
This form is for	Modification of Charge
Charge identification number of the modified	90349057
Type of charge	Book Debts Movable Property (Not being pledge)
Particular of charge holder	Bank of Baroda, Zaveri Bazar Branch, 122, Shaikh Memon Street, Trishula Building, Zaveri Bazar, Mumbai – 400 002, Maharashtra, India
Email	ravinputhran@yahoo.co.in
Nature of instrument creating charge	Supplemental Composite Agreement of Hypothecation of Goods, Book Debts, Moveable Machinery and Vehicles
Date of instrument Creating the charge	10.09.2009
Amount secured by the charge	Rs. 322.500 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest: 2.75% over Benachmark Prime Lending Rate of the bank per annum with monthly rests Terms of Repayment Cash credit (Hypothecation) ADHOC Margin 25% on Stocks 35% on Book Debts 15% on LC and BG Extent and Operation of the charge Bank of Baroda B/O Zaveri Bazar Mumbai First Charge Holder
Short particulars of the property charged	Hypothecation of Goods, Book Debts, Moveable Machinery and Vehicles
Date of latest modification prior to the present modification	29.12.2008
Particulars of the present modification	Charge Increased from Rs. 300.000 Millions to Rs. 322.500 Millions

FIXED ASSETS:

• Air Conditioner
• Computer
• Electric Fitting
• Fax
• Furniture and Fixtures
• Mobile
• Motor Car
• Office Equipment

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.29
UK Pound	1	Rs.82.66
Euro	1	Rs.68.90

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	2
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		29

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.